International Cotton Market Report as on 11th May 2016

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205

Last Night NYC Closing – 11-05-2016

Month Change Open High Low Settle In PKR Maund
JUL-16 -0.30 61.06 61.75 60.55 60.60 5205.85
OCT-16 -0.37 61.14 61.45 61.14 61.11 5249.66
DEC-16 -0.33 61.15 61.38 60.48 60.58 5204.13
MAR-17 -0.49 61.70 61.71 60.87 60.88 5229.90
MAY-17 -0.48 61.59 61.59 61.29 61.30 5265.98
JUL-17 -0.49 62.02  62.02  61.66  61.67 5297.77
cotton tech chart

Bullish Patterns

Recognized Bullish Chart PatternsNo Patterns were recognized

Bearish Patterns

Recognized Bearish Chart PatternsDuring an uptrend, a gap up occurs. It rallies to a new high then loses strength and closes near its low: a bearish change of momentum. Confirmation of the trend reversal would by an opening below the body of the Shooting Star on the next trading candle. It is not a major reversal signal as the evening star. Ideally, real body would gap away from previous body.

World & Domestic Cotton Market

Current Price Prices on same Date Last Year (12-05-2015)
COTLOOK
Cotlook Index
(cents/lb)
‘A’ Index
69.10 73.55
USA
New York Cotton Market Contract No.2
(cents/lb)’Jul-2016 60.60 65.39
Oct-2016 61.11 65.29
(11-05-2016)
CHINA
China Cotton Index
Yuan/M . Ton
12,523 13,393
(12-05-2016)
INDIA
S6 29 MM 34700-34900 35200-36000
V797 – 22-23 mm 19800-26200 24000-25000
MCU5 31 mm 36000-37100 37500-38000
PAKISTAN
Karachi Cotton Association (Spot Rate) 5,785 5,600
Ex-Karachi
(11-05-2016)
6,200 6,001
Rs. per 40 kgs.
Rs. per maund
(Equivalent cents/lb.)
67.34 67.12

Cotton edges down on mixed USDA supply-demand report

Cotton futures drifted down to close at their lowest levels in about three weeks on Tuesday on a US supply-demand report that prompted a slightly negative reaction and a stronger dollar. In its monthly World Agriculture Supply and Demand Estimate report, the US Department of Agriculture raised its outlook for domestic inventories of cotton to be carried into the 2016/17 crop year but forecast world stocks to decline next year.

“The domestic data was negative for the old crop and the global data was a little positive for the new crop,” said Keith Brown, proprietor and cotton trader at Keith Brown and Co in Moultrie, Georgia. The front-month July cotton contract on ICE Futures US settled down 0.43 cent, or 0.70 percent, at 60.9 cents per lb. It traded within a range of 60.6, the lowest since April 18, and 61.97 cents a lb. The dollar index was up 0.16 percent. The Thomson Reuters CoreCommodity CRB Index, which tracks 19 commodities, was up 1.83 percent.

US Cotton Statistics

Total Futures Volume 25,612
Floor Call Options Volume 0
Floor Put Options Volumes 0
Total Options Volume 4,005
Grand Totel 29,617
Source: ICE Dated: 08-03-2016

NYC Closing For The Week #19

Days Price Open High Low Change %
10-May-16 61.72 61.51 61.81 61.40 0.55%
09-May-16 61.38 61.83 62.03 61.19 -0.90%
06-May-16 61.94 62.08 62.20 61.67 -0.19%
05-May-16 62.06 62.93 63.54 61.67 -1.43%
04-May-16 62.96 62.95 63.19 62.33 -0.10%
Source: ICE Dated: 10-03-2016

CZCE Cotton Contracts – 12-05-2016

Product Volume Open Interest
CF605 486 14,634
CF607 68 2,446
CF609 401,174 277,284
CF611 186 2,450
CF701 97,638 218,352
CF703 118 1,520
Source: CZCE

China CZCE Cotton – 12-05-2016

Product Open High Low Closing Settle Net Cng.
CF605 11,980.00 12,190.00 11,980.00 12,090.00 12,110.00 160.00
CF607 12,055.00 12,245.00 12,025.00 12,155.00 12,130.00 135.00
CF609 12,280.00 12,420.00 12,175.00 12,335.00 12,295.00 125.00
CF611 12,200.00 12,380.00 12,195.00 12,295.00 12,290.00 150.00
CF701 12,255.00 12,435.00 12,200.00 12,365.00 12,325.00 140.00
CF703 12,255.00 12,405.00 12,205.00 12,345.00 12,335.00 160.00
Source: CZCE

USA Certified Stock

Number of bales that are simultaneously in both
Certificated stock and the CCC loan as of May 10
Country Stock As of New Certified Decret Orders Current Stock   Non-Rain Grown
Points 09-May 10-May 10-May 10-May Awaiting review (F.Western)
Dallas 28,196 672 0 28,868
0 0
Galveston, TX 872 0 0 872 0 0
Greenville, SC 172 0 0 172 0 0
Houston, TX 1,883 0 0 1,883 0 0
Memphis, TN 37,947 2,156 0 40,103 0 0
New Orleans 0 0 0 0 0 0
Total 69,070 2,828 0 71,898 0 0
usa certified stock

Top Export Customers for U.S. Raw Cotton

(Thou. 480-Lb Bales)
Ranking as of Apr 28, 2016
Rank Country MY 2015 % of MY15 Total MY 2016 % of MY16 Total
1 VIETNAM 1,498 18% 32 3%
2 TURKEY 1,468 17% 58 5%
3 MEXICO 1,086 13% 591 49%
4 CHINA 691 8% 0 0%
5 INDONESIA 584 7% 122 10%
6 KOREAN REPUBLIC 471 6% 26 2%
7 THAILAND 396 5% 52 4%
8 PAKISTAN 308 4% 44 4%
9 TAIWAN 262 3% 21 2%
10 BANGLADESH 213 3% 25 2%
  TOTAL 8,428 100% 1,216 100%

Bremer Cotton Exchange in cent/lbs – 4th May. 2016

Country Ex-Rate Shipment Last Week High Low Offered Settle
Sudan Barakat G 3 B 5/6 115,00 115,00 115,00 115,00 115,00
East Africa SM 1.3/32″ 5/6 75,00 75,00 74,50 74,83 74,75
C.I.S SM 1.3/32″ 5/6 75,25 75,00 74,50 74,75 74,75
C.I.S M 1.3/32″ 5/6 74,25 74,00 73,50 73,75 73,75
Greece SM 1.3/32″ n.q.N n.q n.q
Greece M 1.3/32″ n.q.N n.q n.q
Spain SM 1.3/32″ 5/6 76,50 N 76,25 75,00 75,75 76,00N
Spain M 1.3/32″ 5/6 74,50 74,25 73,00 73,81 74,00
Brazil SM 1.3/32″ 5/6 75,50 75,50 75,00 75,17 75,00
Brazil M 1.3/32″ 5/6 74,50 74,50 74,00 74,17 74,00
Argentina SM 1.3/32″ n.q n.q n.q
India S-6 1.3/32″ 5/6 75,25 76,50 74,75 75,50 76,00
Pakistan M 1.3/32″ n.q n.q n.q
USA Pima Gr 2, 1.7/16″ 5/6 148,00 148,00 147,00 147,50 148,00
AFR Franc-Zone SM 1.3/32″ 5/6 74,00 74,00 73,50 73,75 73,50
AFR Franc-Zone M 1.3/32″ 5/6 73,00 73,00 72,50 72,75 72,50
USA Eastern /M./O./T SM 1.3/32″ 5/6 77,25 77,00 75,50 76,50 76,50
USA Eastern /M./O./T M 1.3/32″ 5/6 75,75 76,00 74,00 75,13 75,00
Turkey Southeast Extra 1.3/32″ n.q –  n.q. n.q.
Egypt Giza 86 G+3/8″ 5/6 116,00 116,00 115,00 115,33 116,00
Egypt Giza 88 Season 14/15/16 5/6 198,00 198,00 188,00 193,00 198,00
Israel Pima H-1  1.7/16″ 5/6 146,00 146,00 146,00 146,00 146,00

MCX Cotton

MCX

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